98 ha Land available in Dersley

R32 500 000

The property is situated in Derley, Springs. It is zoned agricultural. The development potential of the property is between 1,200 low density up to 4,000 high density residential units.

Capitalize on the 30 year development plan for Ekurhuleni, recently launched by the Mayor, which I'll be very happy to provide on request.

Additional 273 Erf development , which is contiguous to this site, is also available and a transaction can be structured for both parcels in a single transaction.

Ideal for a potentially very profitable housing development comprising:

1. Gap housing - Up to R300,000

Shortfall, or gap in the market between residential units supplied by the state and houses delivered by the private sector (which are not less than R300 000. The GAP housing market is people who earn between R3,500 and R15,000 per month, which is too little to enable them to participate in the private property market, yet too much to qualify for state assistance. Units in this market segment can be freestanding, full and sectional title units or multi-storey sectional title apartments.

2. Affordable housing Up to R550,000

Bonded homes with a sales value deemed affordable to those that have an income of R12,500 to R17,500+ per month . This is a sector where the bank provides end-user finance, comprises units ranging from 40m 2-bedroom units to 4-bedroom units in excess of 120m. Units in this market segment can be freestanding, full and sectional title units or multi-storey sectional title apartments.

* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.

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Experience Springs

Although Springs is a predominantly industrial city, its suburbs are lush and leafy, with many trees, parks and open spaces giving it a suburban character. This neighbourhood offers a peaceful and quiet lifestyle, about 50km from Johannesburg. Founded as a coal and gold mining town in 1904, Springs has a rich history which can be seen in its older buildings that bring the past into the present. This is an economically diverse neighbourhood with employment opportunities in many industries ranging from manufacturing, to commerce, to hospitality and mining.